UAC members’ future leaders feature heavily in Insurance Business magazine’s 2021 Young Guns list. General insurance’s rising superstars - all age 35 and younger - were nominated by their colleagues, managers and mentors for demonstrating excellence. Insurance Business reviewed all nominations and narrowed the list down to 41 most outstanding young professionals. Alex Stefan, technical [...]
ProRisk’s claims team has been awarded Most Valuable Team for 2021 by ANZIIF. Chloe Thomas, Group Claims Manager for ProRisk, said the award was a testament to the “smart, dedicated, hardworking, professional, and empathetic people” in the claims team. “Fantastic humans working collaboratively and proactively to deliver an outstanding claims service to our insureds.” Hamish [...]
The latest wave of the COVID-19 SME Research Tracker shows that cautious optimism continues to underpin SME sentiment, despite 54% reporting lower revenues due to COVID-19 and 29% reporting an operating loss in February. Some of the highlights are: 54% reporting revenue losses due to the pandemic compared to 57% in the last wave 16% [...]
In late May, UAC asked agency member principals to complete a survey for Business Service member Clyde & Co about their experiences in the Covid-19 pandemic and what they expect the future of insurance will look like. Thanks to all who participated. The results are now available. Download the report. The survey shows what respondents [...]
The second tranche of the JobKeeper scheme changes the eligibility test for employers and the amounts paid to employees. UAC accountant and Business Service Member WLM Financial has prepared information on what the new scheme looks like. If your business currently receives JobKeeper, arrangements will remain unchanged until 27 September 2020. After that date, employers [...]
The Australian Small Business and Family Enterprise Ombudsman (ASBFEO) is ready to help SMEs emerging from hibernation and keen to make the most of easing Covid-19 restrictions. ASBFEO’s My Business Health web portal has useful information for small business owners ready to re-open or ramp up their operations. It’s a one-stop shop for state-by-state information [...]
As the 2019-20 financial year closes, UAC accountant and business service member WLM Financial has provided useful information about tax and superannuation changes that take effect on July 1. Read more here. It is also warning that ATO is on the lookout for businesses that may have made adjustments to their circumstances to be eligible [...]
Want to know what tax relief measures are available in your state or territory for Covid-19 pandemic support? Sensis, the platforms and marketing services company that owns the Yellow Pages and the White Pages, has produced a useful guide that breaks down what relief is available in each jurisdiction. Here’s a link to the article.
Business service member Finity has summarised personal lines insurers’ Covid-19 responses so far in a new article. It has particularly focused on the largest classes of business, motor and home, and included a deep dive into landlords’ cover. Author Marcello Negro considers a key question for insurers – how their top and bottom line impacts [...]
With thanks to member Emergence Insurance, UAC recommends the following strategies to assist in maintaining cyber security while your staff are working from home. The cyber risks of flexible work arrangements could include malware infection, unauthorised access, data security, and insecure devices used by staff. It’s important that businesses and their staff ensure remote access [...]